FT Professional Glossary
Stagflation
An economic situation where there is high inflation (= prices rising continuously) but no increase in the jobs that are available or in business activity
Example usage from an FT article:
One of the worst features of stagflation is it puts the Fed in a dilemma: if inflation remains too high, they can’t cut rates to protect employment.
Excerpt from "Where will the US economy be at year end?"
